BTC bounced from a low of 80,748 to 82,982 (+0.8%) — but don't celebrate too soon, bro.
Market breadth tells the full story: only 214/709 pairs are in the green (~30%), while the remaining 70% are still in the red. Money is concentrating in BTC/ETH rather than spreading to altcoins.
20h technical indicators:
• BTC: RSI 58.4 (neutral, leaning bullish); price just moved above EMA20 (82,476) and EMA50 (82,826). Support: 82,000 → 80,748; resistance: 84,500 → 86,652.
• ETH: considerably weaker — RSI 47.1, with price still stuck below EMA20/50.
24h fund flows: BTC attracted $1.54 billion, ETH $902 million — nearly all the liquidity. Notable exceptions: ZEC +1.6% with $302 million in volume (real inflows), NEAR with $253 million in volume but down 5.4% (facing heavy selling).
2 scenarios for the next 18h (illustrated on the chart):
1. Break above 84,500 → could retest 86,652.
2. Lose 82,000 → return to test the 80,748 low.
Macro: The minutes from the Fed's September meeting remain hawkish (rates were raised to 3.75–4.00% in September); yesterday's claims were only 197K, near record lows → the labor market remains firm → the Fed has no reason to ease up. Tonight at 21:00 Vietnam time, the preliminary UMich sentiment index is due, and September CPI comes out on 14/10 (forecast ~3.7%) — these two events could determine next week's trend.
$BTC $ETH
Data analysis, not investment advice.
#Bitcoin #Crypto #TechnicalAnalysis
Market breadth tells the full story: only 214/709 pairs are in the green (~30%), while the remaining 70% are still in the red. Money is concentrating in BTC/ETH rather than spreading to altcoins.
20h technical indicators:
• BTC: RSI 58.4 (neutral, leaning bullish); price just moved above EMA20 (82,476) and EMA50 (82,826). Support: 82,000 → 80,748; resistance: 84,500 → 86,652.
• ETH: considerably weaker — RSI 47.1, with price still stuck below EMA20/50.
24h fund flows: BTC attracted $1.54 billion, ETH $902 million — nearly all the liquidity. Notable exceptions: ZEC +1.6% with $302 million in volume (real inflows), NEAR with $253 million in volume but down 5.4% (facing heavy selling).
2 scenarios for the next 18h (illustrated on the chart):
1. Break above 84,500 → could retest 86,652.
2. Lose 82,000 → return to test the 80,748 low.
Macro: The minutes from the Fed's September meeting remain hawkish (rates were raised to 3.75–4.00% in September); yesterday's claims were only 197K, near record lows → the labor market remains firm → the Fed has no reason to ease up. Tonight at 21:00 Vietnam time, the preliminary UMich sentiment index is due, and September CPI comes out on 14/10 (forecast ~3.7%) — these two events could determine next week's trend.
$BTC $ETH
Data analysis, not investment advice.
#Bitcoin #Crypto #TechnicalAnalysis